CO129-256 - Governor Sir Robinson - 1892 [8-12] — Page 90

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I would therefore suggest for the consideration of His Excellency the Governor that a shipment of these coins to the nominal value of $10,000 be obtained from England. I finu that the matrices for our half collar piece only cost ₤22 oda, so the expense in that direction would not be great, and I estimate that the cost of the shipment would not exceed $5000.

The profit on our last shipment of one cent pieces, which was made in 1881, was 135 per cent, and I

am deducting 35 per cent as the smaller coin will of course

cost more to produce.

6.

The shipment of one cent pieces referred to was

to the extent of $10,000 anu was contained in 125 boxes.

I have made private enquires at the Hong-Kong Bank and I believe that the Chief Manager would have no objection to

the storing the coins for us in one of te spare vaults. If

you mention the number of boxes in writing to him he

will know what space will be required. I think the half

cents would not occupy much more space than the one cents.

7.

As there is no provision for the proposed coin

in the Ordinance 1 of 1864, a short ordinance will be

necessary to legalise the new con if His Excellency

ct considers it advisable to recommend its introdusion.

I have &c.,

(Signed) F. H. May,

Acting Calonial Treasurer.

Hon'ble G. T. M. O'Brien C.M. G.

Colonial Secretary.

P. S. I should and that if there should be found to be no

demand

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